RU
Oct 14, 2016
FUTURE Financial Group announces the shareholder's intent to carry out an IPO

The information provided below is not subject to disclosure outside of the Russian Federation and does not constitute an offer or an invitation to make offers and is not intended to make any transactions, including transactions with securities or transactions aimed at making transactions with securities. This text describes the intentions and plans with regards to shares of the Public Joint-Stock Company FUTURE Financial Group, which can change from time to time and constitutes neither the advertisement of securities nor a guarantee, nor a promise to sell the securities or any assets and does not guarantee any offering of securities or the execution of any contract. This document contains evaluative judgments, which can differ from the opinion of any third parties. Each investor shall evaluate his/her risks by himself/herself, when making investment decisions.

The Public Joint-Stock Company FUTURE Financial Group (hereinafter referred to as “FUTURE” or “the Company”), which is one of the largest pension asset management companies in Russia, announces the intention of the Company's controlling shareholder the O1 Group, whose beneficial owner is Boris Mints, to carry out the initial public offering (IPO, Offer) of common shares of FUTURE (Shares) at the Moscow Exchange.

The scope of the Offer is expected to start from 15% of the Company's Shares.

The Offer is scheduled for October-November 2016 and provides for the sale of Shares through the infrastructure of the Moscow Exchange in compliance with its settlement procedures. VTB Capital is the exclusive global coordinator and bookrunner of the Offer. Aton acts as a bookrunner for the Offer.

CEO of FUTURE Financial Group, Marina Rudneva, has commented:

"FUTURE Financial Group is one of the largest pension assets management companies in Russia; the number of our clients reaches 4.6 mln people. We consider the acquisition of public status to be a logical and necessary step for our future development. Our goal is to expand the range of investors, to improve our business transparency, to boost our expertise and finally, to increase the management efficiency of pension funds. This is a unique transaction for the Russian pension market with no predecessors until now, however, we are sure that, especially today, after 2 years of work aimed at the consolidation and tightening of the industrial regulation, we are completely ready for it. We believe that this offering will represent a new stage in the history of Russian non-state pension funds (NPF)."

About the Company:
FUTURE Financial Group is one of the largest financial structures managing retirement assets in Russia. It manages 5 leading non-state pension funds that perform mandatory pension insurance and non-state pension insurance, including: the largest fund – NPF FUTURE (established as a result of the consolidation of NPF BLAGOSOSTOYANIE OPS and NPF StalFond, which is the 2nd largest by the number of clients and the 3rd largest by the amount of pension savings as stated by the Central Bank of the Russian Federation as of June 30, 2016), NPF Telecom-Soyuz (the 3rd largest by the number of NPI program participants), NPF Obrazovaniye, NPF Uralsib and NPF Our Future (formerly known as NPF Russian Standard). Presently, NPF Uralsib and NPF Our Future are under a merger with NPF FUTURE. The total amount of the assets managed by the Group comprises RUB 274 bln, including more than RUB 245 bln of pension savings and RUB 28.5 bln of pension reserves. The number of mandatory pension insurance clients and non-state pension insurance clients exceeds 4.5 mln people. All of the Group's funds are included into the insured people's rights guarantee system.